The US Dollar Is Stable Relative to Major Currencies

Yesterday, the major currency pairs showed a variety of trends. There was an increase in demand for safe currencies (Swiss franc and Japanese yen). Geopolitical tensions on the Korean peninsula increased again. The United States and South Korea began joint military exercises.

On the EUR/USD currency pair, the bullish sentiment prevails. This movement was caused by technical factors. In the Asian trading session, the euro moved away from local highs. At the moment, the US dollar is being traded hand over hand relative to the majors.

The oil quotes are recovering after a sharp fall in the course of yesterday's trading. At the moment, futures for the WTI crude oil are being traded near $47.75 per barrel (+0.50%).

Market Indicators

Yesterday, the major US stock indexes rose slightly. SPY (SPDR S&P 500 ETF) closed at $242.90 (+0.08%).

At the moment, the 10-year US government bonds yield is at the level of 2.20%.

The dollar index (#DX) closed the trading session in the negative zone (-0.39%).

Today we recommend you to pay attention to the following economic reports:

  • – The ZEW economic sentiment indices in Germany and the Eurozone at 12:00 (GMT+3:00);
  • – Statistics on retail sales in Canada at 15:30 (GMT+3:00).

by JustForex, 2017.08.22

We advise you to get acquainted with the daily forecasts for the major currency pairs.

This article reflects a personal opinion and should not be interpreted as an investment advice, and/or offer, and/or a persistent request for carrying out financial transactions, and/or a guarantee, and/or a forecast of future events.

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